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Velez, Rodrigo A. - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 1, pp. 381-410

We study equitable allocation of indivisible goods and money among agents with other-regarding preferences. First, we argue that Foley's (1967) equity test, i.e., the requirement that no agent prefer the allocation obtained by swapping her consumption with another agent, is suitable for our...

Persistent link: https://www.econbiz.de/10011672122

The social preferences of democratically elected decision makers and the conflict between wealth generation and distribution

Gaudeul, Alexia; Keser, Claudia - 2017

Persistent link: https://www.econbiz.de/10011751061

Efficient and strategy-proof allocation mechanisms in economies with many goods

Momi, Takeshi - In: Theoretical economics : TE ; journal of the Econometric … 12 (2017) 3, pp. 1267-1306

Persistent link: https://www.econbiz.de/10011753058

Efficient and strategy-proof allocation mechanisms in economies with many goods

Momi, Takeshi - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 3, pp. 1267-1306

In this paper, we show that in pure exchange economies where the number of goods equals or exceeds the number of agents, any Pareto-efficient and strategy-proof allocation mechanism always allocates the total endowment to some single agent even if the receivers vary.

Persistent link: https://www.econbiz.de/10011744271

Efficient Welfare Weights

Hendren, Nathaniel - 2014

How should we measure economic efficiency? The canonical measure is an unweighted sum of willingnesses to pay. In … contrast, this paper provides efficient welfare weights that implement the Kaldor-Hicks tests for efficiency but account for ….5-2x more than surplus to the rich. I illustrate how to use these weights to evaluate the efficiency of government policy …

Persistent link: https://www.econbiz.de/10012458316

Carbon Emissions Trading and Equity in International Agreements

Bosello, Francesco; Roson, Roberto - 2013

market efficiency. In particular, in this paper it is shown that (1) changes produced on an equity index by the imposition of …

Persistent link: https://www.econbiz.de/10014172835

Other people's money : preferences for equality in groups

Buchanan, Joy A.; Roberts, Gavin - In: European journal of political economy 73 (2022), pp. 1-16

Persistent link: https://www.econbiz.de/10013346655

Characterizing pairwise strategy-proof rules in object allocation problems with money

Shinozaki, Hiroki - 2022

class of rules satisfying the properties, and find the tension between minimal properties of efficiency, fairness, and …

Persistent link: https://www.econbiz.de/10013350780

Tax and education policy in a heterogeneous agent economy : what levels of redistribution maximize growth and efficiency?

Bénabou, Roland - 2000

Persistent link: https://www.econbiz.de/10013423083

Time-consistent fair social choice

Miyagishima, Kaname - In: Theoretical economics : TE ; an open access journal in … 18 (2023) 3, pp. 941-964

In this paper, we study intertemporal social welfare evaluations when agents have heterogeneous preferences that are interpersonally noncomparable. We first show that even if all agents share the same preferences, there is a conflict between the axioms of Pareto principle, time consistency, and...

Persistent link: https://www.econbiz.de/10014325247